St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-04-02
MARKET.
On the Chicago Board of Trade at the
Opening the Wheat Pit Looked
Lively.
However the Initial Excitement Was Not
Fully Maintained Throughout
the Session.
Oats and Provisions Showed weak
ness in sympathy With the
Chief Cereal.
Transactions in the Financial Circles
OF Wall SUPERINTENDENT
Quotations.
Special to the Globe.

Special 20 tue Sioo0.
CHICAGO, April AL the surrounding
markets had been infected over night with
the bear alarm which was prevalent on the
surb here at Chicago late last night. New
York. st. Louis Toledo and Liverpool, which,
because of the deliveries here up to 1880
O'clock. were all open before a trade was
made here were higher and excited. The air
here on the curb before the opening was In a
sutter over all sorts of stories when were
afioat The one most noticeable feature OF
.he wheat market is the abjectness with
shich all partieS-bullS who have lost an OPP
portunity, bears who have suffered losses,
shorts who are still NEUTRALITY-SUSPICIOUS.
themselves to the conclusion that the market
is cliqued beyond escape. There is not q
lighter left. Cudahy is rarely on tho hoor at
all Ream has left for New York. Jones &C
companied him. Billy Linn goes about look
ing as if all the courage he ever had to sell
wheat had left him. Of course, people do not
peculate TO gain glory, but all these traders
IRE bears. May wheat sold straight up to
s415c before the market staggered AZ all.
THE ADVANCE
vas not helped by the clique houses; as the
market advanced they were sellers. But
Milmine, Bodman Co., who were large
sellers yesterday, started out to got that
wheat back and did not stand on fractions.
1t was the alarm that was abroad everywhere
that sent wheat up so rapidly. Shorts were
afraid to stand out an instant.
The stories that came from California
of the clique owning all the cash
wheat and holding besides vast quantities OF
year contracts, buyers option" which
would enable them to send prices Skyward at
any moment, was accepted as an illustration
of what might be done here. The report that
y firm of grain shippers was sending wheat
from Nebraska over the Union Pacific to San
Francisco was accepted as a sample of the
many other unexpected and unusual things
EIQT 10Th h.,1n m
of influences eliminated, however, when
May wheat was selling at 81 &c. By this time
Minimize, Bodman II Co. were out of the mar
ket, and some selling had begun. Cudahy
put out some wheat. The market broke off
III once sharply over a cent. May, within so
minutes, sold from 81 1ac to S3c.
THE ROUTINE REPORT.
CHICAGO, April This set out to be an
extremely interesting day in the wheat pit,
but the excitement at the opening was not
fully maintained throughout the session.
The quotation on the curb for May wheat
was $3.50. The regular opening was $500,
but an uninterrupted advance carried the
price to 81 &c. Heavy buying on the part of
the bid carriers did this, and when they had
taken their fill the market, after wavering
abont the top figure for few moments,
grew weak and gradually dropped TO So Is
16c. where it closed. One support given the
bulls was the intelligence that yesterdays
clearances amounted to 225, 900 blu. Corn
sold up TO 401ac for May, but dropped to 1890
at the close. Oats and provisions were weak
and in sympathy with wheat.
THE QUOTATIONS..
The leading features ranged as follows:
Wheat-No. 2, April, opened at 7S1ac, clos
ing at 77$sc; May, $3.50, closing at S27sc:
June, S15sc, closing at S1sa@S11Ac; July, S0s4c
closing at S0Ec. Corn-No. 2, April. 35c,
closing at sac: May, 4014c, closing at
$3.50; June, 411sc, closing at 4Os4c: July,
4214c, closing at 417sc. Oats-No. 2 April,
232sc, closing at 2354c; May, 2S24c, closing at
23Ac; June, 291sc, closing at 291sc. Mess
pork, per barrel-April, $20.T5, closing at
ts20.75; May, S21, closing at SCI; June, SCI,
closing at S2l. Lard, per 100 pounds-April,
$3.50. closing at S725; May, S7.4215, closing
at S7.35; June, $780, closing at S7.421S.
ing at $50; May, $3.50. closing at $500;
June, Ss.25, closing at Ss.271a.
Cash quotations were as follows:
Flour dull and unchanged. Wheat-No. 2
spring, T1sc; No. spring, T6c; Mo- red, no
sales, Corn--No. 2, 3S@3S3sc. Oats-No. 2,
241ae. Rye-No. 2, sac. Barley-No. 2,
bl1ac. Flax Seed-No. 1, $1.0S1a. Timothy
Seed-Prime, S1-71. Mess pork. per Dbl,
0.50920.I5. Lard. per 100 lbs, $3.50. Short
ribs sides, loose, $S@S.05; dry sailed shoulders,
boxed, S6.10@6.25; short clear sides. boxed,
sS.55@s.6O. Whisky. distillers' finished goods,
per gal, S1.lS. Sugar-Cut loaf, 6A062sc;
granulated, 61sc; standard "A, 55sc. Receipts
Flour, $1,000 bbls; wheat, a. 900 bu: corn,
24S,00e bu; oats, $4,000 bu; rye, 1000 blu;
barley, 2l,G00 bu. Shipm ents-Flour, %, 600
bbls; wheat, $1,000 blu; corn, $4,000 blu:
oats. 247,000 bu: rye, 1000 bu; barley, 49,
600 blu. On the produce exchange to-day the
butter market was fairly active; creamery,
249ssc per ID; dairy, 1S@26c. Eggs, lie per